Comments on: Equity Key – The Best Alternative to a Reverse Mortgage http://thelyonsdenblog.com/2007/08/05/equity-key-the-best-alternative-to-a-reverse-mortgage/ Business / Vitality / Spirituality / Relationships Thu, 05 Nov 2009 02:32:05 +0000 http://wordpress.com/ hourly 1 By: David H. Schwartz http://thelyonsdenblog.com/2007/08/05/equity-key-the-best-alternative-to-a-reverse-mortgage/#comment-1318 David H. Schwartz Tue, 30 Sep 2008 23:48:29 +0000 http://thelyonsden.wordpress.com/2007/08/05/equity-key-the-best-alternative-to-a-reverse-mortgage/#comment-1318 The program offered by EquityKey will server an important niche in the market for the senior community looking for liquidity without debt. Two other companies REX & Co. and NestWorth offer products for this category expanding "Equity Participation". Warm Regards, David H. Schwartz Broker The program offered by EquityKey will server an important niche in the market for the senior community looking for liquidity without debt.

Two other companies REX & Co. and NestWorth offer products for this category expanding “Equity Participation”.

Warm Regards,

David H. Schwartz
Broker

]]> By: thelyonsden http://thelyonsdenblog.com/2007/08/05/equity-key-the-best-alternative-to-a-reverse-mortgage/#comment-980 thelyonsden Fri, 01 Feb 2008 01:36:12 +0000 http://thelyonsden.wordpress.com/2007/08/05/equity-key-the-best-alternative-to-a-reverse-mortgage/#comment-980 Yes I agree Richard. I think a reverse mortgages can be a crappy product for most seniors. you can go to www.equitykey.com You can sign up through us a broker. George runs the equity key for us gsmith at leifinancial dot com Yes I agree Richard. I think a reverse mortgages can be a crappy product for most seniors. you can go to http://www.equitykey.com

You can sign up through us a broker. George runs the equity key for us gsmith at leifinancial dot com

]]> By: Richard Pelletier J.D. http://thelyonsdenblog.com/2007/08/05/equity-key-the-best-alternative-to-a-reverse-mortgage/#comment-979 Richard Pelletier J.D. Thu, 31 Jan 2008 18:25:17 +0000 http://thelyonsden.wordpress.com/2007/08/05/equity-key-the-best-alternative-to-a-reverse-mortgage/#comment-979 I've been a memeber of the National Academy of Elder Law Attorneys for many years. This "Equity Key " program may have some real benefits for many seniors. How do I research the company behind this offering? Name and location of home office, it's officers etc? RJP I’ve been a memeber of the National Academy of Elder Law Attorneys for many years. This “Equity Key ” program may have some real benefits for many seniors.

How do I research the company behind this offering? Name and location of home office, it’s officers etc?

RJP

]]> By: thelyonsden http://thelyonsdenblog.com/2007/08/05/equity-key-the-best-alternative-to-a-reverse-mortgage/#comment-110 thelyonsden Thu, 06 Sep 2007 21:12:16 +0000 http://thelyonsden.wordpress.com/2007/08/05/equity-key-the-best-alternative-to-a-reverse-mortgage/#comment-110 Leonard Hello. Here is the email about the equity key program that we went over. Bill Lyons is in meetings all day so I set up an appointment for tomorrow at 11:30am. Please let me know if that will work for you EquityKey allows you to convert the future equity in your home into debt-free cash today. In exchange for the debt-free cash, you will give EquityKey the right to a portion of the future appreciation of your home. EquityKey is NOT a loan and it’s NOT a debt. They only make money if your home appreciates. EquityKey is a bank and they pay you money to partner with you only on the future appreciation of your home. Think of it like getting an advance on the future sale of your home. You get paid today, and when you experience any future appreciation, you’ll split that with EquityKey. So, EquityKey will only make their investment back when your home appreciates. No appreciation, nothing to payback. Small appreciation, small payback. This appreciation (if any) is determined when you sell the house or pass away. All of the equity that you’ve already accumulated, stays with you. Remember, EquityKey only splits the future appreciation, not your current appreciation, that part belongs to you. I hope this explains what we went over. We will call you tomorrow at 11:30am and go over everything else that you had questions on in detail. Thank you for your time. Leonard

Hello. Here is the email about the equity key program that we went over. Bill Lyons is in meetings all day so I set up an appointment for tomorrow at 11:30am. Please let me know if that will work for you

EquityKey allows you to convert the future equity in your home into debt-free cash today.

In exchange for the debt-free cash, you will give EquityKey the right to a portion of the future appreciation of your home. EquityKey is NOT a loan and it’s NOT a debt. They only make money if your home appreciates.

EquityKey is a bank and they pay you money to partner with you only on the future appreciation of your home. Think of it like getting an advance on the future sale of your home.

You get paid today, and when you experience any future appreciation, you’ll split that with EquityKey. So, EquityKey will only make their investment back when your home appreciates. No appreciation, nothing to payback. Small appreciation, small payback. This appreciation (if any) is determined when you sell the house or pass away.

All of the equity that you’ve already accumulated, stays with you.

Remember, EquityKey only splits the future appreciation, not your current appreciation, that part belongs to you.

I hope this explains what we went over. We will call you tomorrow at 11:30am and go over everything else that you had questions on in detail. Thank you for your time.

]]> By: thelyonsden http://thelyonsdenblog.com/2007/08/05/equity-key-the-best-alternative-to-a-reverse-mortgage/#comment-34 thelyonsden Thu, 09 Aug 2007 13:55:02 +0000 http://thelyonsden.wordpress.com/2007/08/05/equity-key-the-best-alternative-to-a-reverse-mortgage/#comment-34 We just helped another client yesterday. The husband is 84yrs old and the wife is 80. Their home is worth $875,000 and they currently owe $395,000. One of them is going to do Equity Key. They want to do the lump sum. They should get between $105-$130K. This will take care of their payments they still have and then some. So they in essence exchanged only 50% of the future equity. The $875K is 100% theirs or their heirs to keep. Another great scenerio. We just helped another client yesterday. The husband is 84yrs old and the wife is 80. Their home is worth $875,000 and they currently owe $395,000. One of them is going to do Equity Key. They want to do the lump sum. They should get between $105-$130K. This will take care of their payments they still have and then some. So they in essence exchanged only 50% of the future equity. The $875K is 100% theirs or their heirs to keep. Another great scenerio.

]]> By: Equity Advantage Program - 2nd Best Alternative to a Reverse Mortgage? « The Lyons Den http://thelyonsdenblog.com/2007/08/05/equity-key-the-best-alternative-to-a-reverse-mortgage/#comment-31 Equity Advantage Program - 2nd Best Alternative to a Reverse Mortgage? « The Lyons Den Wed, 08 Aug 2007 15:45:27 +0000 http://thelyonsden.wordpress.com/2007/08/05/equity-key-the-best-alternative-to-a-reverse-mortgage/#comment-31 [...] The Lyons Den Business / Vitality / Spirituality / Relationships « Equity Key - The Best Alternative to a Reverse Mortgage [...] [...] The Lyons Den Business / Vitality / Spirituality / Relationships « Equity Key – The Best Alternative to a Reverse Mortgage [...]

]]> By: coaks http://thelyonsdenblog.com/2007/08/05/equity-key-the-best-alternative-to-a-reverse-mortgage/#comment-25 coaks Mon, 06 Aug 2007 14:48:02 +0000 http://thelyonsden.wordpress.com/2007/08/05/equity-key-the-best-alternative-to-a-reverse-mortgage/#comment-25 “You’re so wise. You’re like a miniature Buddha, covered in hair.” - Anchorman www.coaks.wordpress.com “You’re so wise. You’re like a miniature Buddha, covered in hair.” – Anchorman

http://www.coaks.wordpress.com

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